Trainline Plc (LON:TRN) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Trainline has a “Moderate Buy” consensus from seven analysts: six rate the stock a buy, while one recommends selling. The average 12-month price target is GBX 398.
• Recent analyst targets range from GBX 220 to GBX 580, with JPMorgan maintaining an “underweight” rating and other firms reiterating buy recommendations.
• Trainline shares opened at GBX 194.20, down 2.5%, near the lower end of their 12-month range of GBX 178 to GBX 307.60. Insider Niall McBride recently purchased 23,084 shares at GBX 206 each.

Shares of Trainline Plc (LON:TRN - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the seven analysts that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is GBX 398.

A number of analysts have commented on the stock. Shore Capital Group reaffirmed a "buy" rating and set a GBX 400 target price on shares of Trainline in a report on Monday, August 24th. Berenberg Bank reissued a "buy" rating and set a GBX 350 target price on shares of Trainline in a research note on Wednesday, May 6th. JPMorgan Chase & Co. lowered their price target on Trainline from GBX 230 to GBX 220 and set an "underweight" rating on the stock in a report on Thursday, May 7th. Canaccord Genuity Group decreased their price target on shares of Trainline from GBX 330 to GBX 311 and set a "buy" rating on the stock in a research note on Monday, May 11th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a GBX 580 target price on shares of Trainline in a research report on Thursday, May 7th.

Insider Activity

In related news, insider Niall McBride bought 23,084 shares of the company's stock in a transaction dated Wednesday, July 1st. The stock was purchased at an average price of GBX 206 per share, for a total transaction of £47,553.04. 7.56% of the stock is owned by insiders.

Trainline Trading Down 2.5%

Shares of TRN stock opened at GBX 194.20 on Tuesday. The company has a current ratio of 0.63, a quick ratio of 0.52 and a debt-to-equity ratio of 128.17. Trainline has a 12-month low of GBX 178 and a 12-month high of GBX 307.60. The stock has a market capitalization of £667.69 million, a P/E ratio of 10.15 and a beta of 0.41. The firm's 50 day moving average is GBX 224.44 and its 200 day moving average is GBX 219.38.

About Trainline

Trainline's ambition is to bring together rail, coach and other travel services into one simple mobile experience so travellers can easily find the best prices for their journey and access smart, real-time travel information on the go. By making rail and coach travel easier, our aim is to encourage people all over the world to make more environmentally sustainable travel choices. As most rail and coach tickets continue to be sold offline at the station, and as customers and governments commit to more environmentally friendly modes of travel, we see significant growth opportunities for Trainline over the long term.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source